Category Archives: Economics on the left

Hayek on The False Promise of Socialism and The Road to Serfdom

This is Chapter 6 of Boettke on Hayek. From the academic critique of central planning Hayek moved to more direct political engagement with the socialists in The Road to Serfdom (1944). Some of this was written in Cambridge where Keynes … Continue reading

Posted in Economics on the left, Politics of the Left, Rafe | 4 Comments

You can hardly believe how ignorant some people are

  And dangerous too. Endless ignorance from The Washington Post: Five myths about capitalism. Greed, a natural human instinct, makes markets work. Corporations must be run to maximize value for shareholders. Workers’ pay is an objective measure of economic contribution. … Continue reading

Posted in Economics and economy, Economics on the left | 18 Comments

Workers need a pay rise and are therefore determined never to get one

Two kinds of contrary stories, but only contrary if you are not part of the cargo cult mentality of the left. Then we can have higher real incomes and at the very same time throw over the cheapest energy sources … Continue reading

Posted in Economics and economy, Economics on the left, Global warming and climate change policy | 45 Comments

The future of their party and who knows who else

You don’t like PDT? Well then try this on instead. Via Steve Hayward. And yet another take from Ms Allie Beth Stuckey who has been criticised by all the unusual suspects, to whom she has replied: To clarify AGAIN for … Continue reading

Posted in American politics, Economics on the left, Socialism | 33 Comments

The new socialism just like the old socialism

Just think of this in the Age of Venezuela: AP: ‘Democratic Socialism is Surging’. It was surging before and will continue to surge after since socialists are by definition ignorant to an amazing extent about both history and how an … Continue reading

Posted in American politics, Economics on the left, Politics of the Left | 36 Comments

Government regulation in less than a thousand words

Posted in Economics and economy, Economics on the left | 25 Comments

We Need the Government to Do What?!

When TMR is not busy being a private lawyer, relishing sledge on a basketball court or tending to his fruit trees, he can be found cooking up culinary delights – such as his ridiculously tasty chicken and prawn curry laksa … Continue reading

Posted in Economics on the left | Tagged , , , , | 33 Comments

Ideas at the Centre for Independent Studies

Three papers. Labor MP Andrew Leigh’s study on data around effective company tax rates and employment shows incomplete analysis that mistakes correlation for causation. Jennifer Buckingham on the flight from mathematics. Jeremy Sammut on the need for universities to have … Continue reading

Posted in Economics on the left, Education, Rafe | Comments Off on Ideas at the Centre for Independent Studies

Dodginess on tax regressions

The Guardian is reporting that Andrew Leigh has a new paper looking at whether firms that pay more tax employ more workers. In a paper published in the Economic Analysis and Policy journal, Labor’s shadow assistant treasurer finds that companies … Continue reading

Posted in Economics on the left, Taxation | 38 Comments

Is socialism obsolete?

Wandering through the city’s bookshops yesterday I came across this: Is Capitalism Obsolete? with the subtitle, “A Journey through Alternative Economic Systems”. I live in hope that there will be at least one volume somewhere that has no for an … Continue reading

Posted in Economics and economy, Economics on the left | 31 Comments